Technical Breakouts to Watch for May 20, 2014 (TSXV: LGO) (NASDAQ: EONC)

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In the Canadian markets, Largo Resources Ltd (TSXV: LGO) gained 18% Friday, piercing the long term 200 DMA (Daily Moving Average) of C$0.24. Africa Hydrocarbons Inc (TSXV: NFK), Fission Uranium Corp (TSXV: FCU), Aura Minerals Inc (TSX: ORA), and Ivernia Inc (TSX: IVW) were the other stocks breaching the 200 DMA to the upside with strong price momentum. Negative breakouts were seen in Smart Technologies Inc (TSX: SMA), Just Energy Group Inc (TSX: JE), Robex Resources Inc (TSXV: RBX), American Hotel Income Properties REIT LP (TSX: HOT-U), and Temple Hotels Inc (TSX: TPH).

Largo Resources Ltd (TSXV: LGO) – Technical Chart

Largo Resources Ltd (TSXV: LGO)

In the U.S. markets, eOn Communications Corp (NASDAQ: EONC), Spanish Broadcasting System Inc (NASDAQ: SBSA), Dehaier Medical Systems Ltd (NASDAQ: DHRM), Novavax Inc (NASDAQ: NVAX), and Arrowhead Research Corp (NASDAQ: ARWR) witnessed strong price gains and breakouts above their 200 DMAs Monday. Wizard World Inc (OTC BB: WIZD), Netlist Inc (NASDAQ: NLST), Elephant Talk Communications Corp (NYSE: ETAK), Emmis Communications Corp (NASDAQ: EMMS), and Southwest Gas Corp (NYSE: SWX) witnessed price declines and fell below their 200 DMAs Monday.

Breakouts – Canada

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Arctic Star Exploration Corp
(TSXV: ADD)

18.2%

0.13

0.13

Smart Technologies Inc
(TSX: SMA)

-35.7%

2.9

4.43

Zaio Corp
(TSXV: ZAO)

9.5%

0.23

0.23

Colorado Resources Ltd
(TSXV: CXO)

-13.0%

0.235

0.26

Partners Real Estate Investment Trust
(TSX: PAR-U)

8.1%

4.56

4.48

Sandspring Resources Ltd
(TSXV: SSP)

-11.4%

0.31

0.33

Focus Graphite Inc
(TSXV: FMS)

8.0%

0.54

0.54

Raise Production Inc
(TSXV: RPC)

-6.1%

2.62

2.71

Scorpio Mining Corp
(TSX: SPM)

7.3%

0.30

0.28

Romarco Minerals Inc
(TSX: R)

-5.1%

0.74

0.77

50 DMA

Arctic Star Exploration Corp
(TSXV: ADD)

18.2%

0.13

0.12

Colorado Resources Ltd
(TSXV: CXO)

-13.0%

0.235

0.27

Africa Hydrocarbons Inc
(TSXV: NFK)

7.1%

0.15

0.14

Sandspring Resources Ltd
(TSXV: SSP)

-11.4%

0.31

0.34

Exchange Income Corp
(TSX: EIF)

5.6%

21.01

20.03

Romarco Minerals Inc
(TSX: R)

-5.1%

0.74

0.76

Terraco Gold Corp
(TSXV: TEN)

3.8%

0.14

0.13

Anderson Energy Ltd
(TSX: AXL)

-4.2%

0.23

0.23

ENTREC Corp
(TSXV: ENT)

3.6%

1.43

1.39

Artek Exploration Ltd
(TSX: RTK)

-3.8%

4

4.10

200 DMA

Largo Resources Ltd
(TSXV: LGO)

17.8%

0.27

0.24

Smart Technologies Inc
(TSX: SMA)

-35.7%

2.90

3.12

Africa Hydrocarbons Inc
(TSXV: NFK)

7.1%

0.15

0.14

Just Energy Group Inc
(TSX: JE)

-16.7%

6.54

7.71

Fission Uranium Corp
(TSXV: FCU)

5.1%

1.23

1.18

Robex Resources Inc
(TSXV: RBX)

-5.1%

0.185

0.19

Aura Minerals Inc
(TSX: ORA)

4.2%

0.13

0.12

American Hotel Income Properties REIT LP (TSX: HOT-U)

-3.5%

10.39

10.71

Ivernia Inc
(TSX: IVW)

3.8%

0.14

0.13

Temple Hotels Inc
(TSX: TPH)

-3.2%

5.66

5.80

Breakouts – U.S.

DMA

Bullish

Bearish

Company

One-day change (%)

Close

DMA

Company

One-day change (%)

Close

DMA

30 DMA

Intermolecular Inc
(NASDAQ: IMI)

39.2%

3.16

2.57

Parkervision Inc
(NASDAQ: PRKR)

-8.9%

4.61

4.69

FreeSeas Inc
(NASDAQ: FREE)

16.7%

1.33

1.29

InterCloud Systems Inc
(NASDAQ: ICLD)

-6.2%

4.69

4.72

Intellicheck Mobilisa Inc
(NYSE: IDN)

13.3%

0.79

0.70

TearLab Corp
(NASDAQ: TEAR)

-6.1%

4.505

4.80

Infinera Corp
(NASDAQ: INFN)

12.5%

9.38

8.58

Coupons.com Inc
(NYSE: COUP)

-5.2%

18.24

18.83

Enservco Corp
(NYSE: ENSV)

10.5%

2.32

2.22

Tandem Diabetes Care Inc
(NASDAQ: TNDM)

-5.2%

16.55

17.15

50 DMA

Intermolecular Inc
(NASDAQ: IMI)

39.2%

3.16

2.67

Wizard World Inc
(OTC BB: WIZD)

-9.4%

0.48

0.53

Infinera Corp
(NASDAQ: INFN)

12.5%

9.38

8.81

Parkervision Inc
(NASDAQ: PRKR)

-8.9%

4.61

4.80

Enservco Corp
(NYSE: ENSV)

10.5%

2.32

2.31

ITC Holdings Corp
(NYSE: ITC)

-2.3%

36.42

36.82

Novavax Inc
(NASDAQ: NVAX)

10.4%

4.58

4.43

Lifeway Foods Inc
(NASDAQ: LWAY)

-2.2%

14.13

14.41

ImmunoCellular Therapeutics Ltd
(NYSE: IMUC)

10.3%

1.29

1.23

Westar Energy Inc
(NYSE: WR)

-1.9%

34.96

35.10

200 DMA

eOn Communications Corp
(NASDAQ: EONC)

44.8%

3.49

2.78

Wizard World Inc
(OTC BB: WIZD)

-9.4%

0.48

0.51

Spanish Broadcasting System Inc
(NASDAQ: SBSA)

19.5%

5.21

4.54

Netlist Inc
(NASDAQ: NLST)

-8.5%

1.18

1.20

Dehaier Medical Systems Ltd
(NASDAQ: DHRM)

10.4%

5.32

4.83

Elephant Talk Communications Corp
(NYSE: ETAK)

-6.7%

0.9613

1.03

Novavax Inc
(NASDAQ: NVAX)

10.4%

4.58

4.15

Emmis Communications Corp
(NASDAQ: EMMS)

-3.0%

2.91

2.93

Arrowhead Research Corp
(NASDAQ: ARWR)

8.9%

11.73

11.02

Southwest Gas Corp
(NYSE: SWX)

-1.8%

52.01

52.31

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